#SummerCreationCamp

The US tech industry is rethinking how much it spends on intelligence. At the time Gate Stocks is quietly making it easier for people to invest in the market.

I have been looking at the charts for the last two days and it is getting harder to ignore what they are saying. The market is not giving companies that make semiconductors the benefit of the doubt anymore. The Philadelphia Semiconductor Index went down 2.23 percent in one day. It is now more than 20 percent below its recent high. This is not a pause it is a big change in how much investors are willing to pay for companies that are involved in artificial intelligence.

What the individual charts are actually showing is that NVIDIAs chart has changed. After doing well earlier in the year the price has started going down and it is having trouble staying above 213-216. The RSI is low. The MACD histogram is not strong. The stock is still above its long-term averages. It is not doing as well as it was before. When the important artificial intelligence stock starts to look like this the rest of the industry usually follows.

Micron is telling a story. The price went up to around 1,250. Then started going down. Now it is 900-950. The same thing is happening with Samsung Electronics and SK Hynix. They both went down a lot Hynix which lost a lot of its earlier gains. These are not isolated reactions they are all part of the same story: the market is wondering if the price of memory has peaked and if new companies will make it harder for the current big companies to make money.

The CXMT Catalyst is a part of this story. When CXMT started trading in China it made people think about the assumption that the memory market would always be controlled by a big companies. Now that assumption is being. The companies that were priced for scarcity are being revalued.

At the time oil prices went down a lot. WTI fell 7.5 percent in one day after the United States stopped its action against Iran. Brent is now back to 88-89. Lower oil prices mean inflation and lower Treasury yields. Usually this would be good for stocks. The semiconductor industry is not paying attention to this right now. It is too busy thinking about its problems with supply and demand. This is interesting because it shows where the real anxiety is.

The market is asking a question now. It is not "Is artificial intelligence real?" because we know that it is. The question now is "Can the money being spent on intelligence make enough returns to justify the current prices?" When this question is being asked the companies with the prices and the ones that are most involved in infrastructure are the first to feel the pressure. NVIDIA, the companies that make semiconductors and the companies that make memory are all being asked to prove that they can make money.

Gate Stocks is making it easier for people to invest in the market. The web-based service is now live. It covers over 12,500 assets in the US Hong Kong and Korea. People can trade with USDT. Buy fractional shares starting at 0.01. This does not solve the problem of whether artificial intelligence can make returns but it makes it easier for people to invest in the companies they want to.

I am not thinking that the current weakness in semiconductors is the end of the intelligence cycle. I think it is a necessary step to rethink the assumptions about capital returns and memory pricing. The charts of NVIDIA, Micron, Samsung and SK Hynix all show that they are losing momentum. The lower oil prices are helping with inflation. The chip sector is not paying attention to this right now. Gate Stocks is making it easier for people to invest. It is not changing the direction of the market.

The next important thing to look at will be the trends in memory pricing the earnings of the big tech companies and whether the semiconductor indices can recover. Until then it makes sense for the market to be cautious about the companies that are most involved, in intelligence.

This is my reading of the market and it is not a recommendation. People should do their research and invest according to their own risk tolerance.

‍$MU $NVDA $SK Hynix
‍@Gate_Square